1. Contractors or successful bidders, whether Portuguese or foreign, are exempt from IRS in respect of profits derived from NATO common infrastructure works or projects to be carried out in Portuguese territory under Decree-Law No. 41 561 of 17 March 1958.
1 - Ficam isentos de IRS os empreiteiros ou arrematantes, nacionais ou estrangeiros, relativamente aos lucros derivados de obras ou trabalhos das infra-estruturas comuns NATO, a realizar em território português, nos termos do Decreto-Lei n.º 41 561, de 17 de Março de 1958.
2. The preceding paragraph is without prejudice to the aggregation of the exempt income for the purposes of Article 22(4) of the Personal Income Tax Code and for determining the rate applicable to the remaining taxable income.
2 - O disposto no número anterior não prejudica o englobamento dos rendimentos isentos, para efeitos do disposto no n.º 4 do artigo 22.º do Código do IRS, e determinação da taxa aplicável ao restante rendimento colectável.
The exemption covers IRS on profits from NATO common infrastructure works in Portuguese territory under Decree-Law No. 41 561 of 17 March 1958, with aggregation under Article 22(4) of the Personal Income Tax Code.
We check eligibility for IFICI, the Madeira regime, the start-up and capitalisation incentives and the property benefits, prepare the registrations and claims, and model what the benefit is worth, in English. A written answer and a fixed quote within one working day.
Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.